AC Investor Blog

Ten symbols with interesting patterns to trade next week

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PVH (NYSE:PVH) is a candidate to be traded in breakout mode. The technical indicators are looking better for the stock with MACD indicator above its sell signal line, %K line on top of %D line and RSI indicator moving up from the 50 level. Keep an eye for a possible breakout over $110.89

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We are on the verge of a possible trend reversal trade setup in the shares of Macy's (NYSE:M) after a healthy consolidation. The stock looks like it could be getting ready to go! Good technical and decent fundamentals here. The stock is worth a close look.

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My new big pick is Odonate Therapeutics Inc (NASDAQ: ODT). The stock made an awesome move yesterday breaking out of a major resistance line with volume backed confirmation. I went long at $3.85 as it's quite possible we should see a short term move near $4.97/share. The technical chart shows a bullish sign with %K line on top of %D line and MACD rising. Yesterday’s action in the share price leads me to believe that we may see a reversal trend at this level. To sustain this point of view, stock needs to sustain actual level in the days to come, so stay tuned to her. Mega Gap to fill here.

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Pyxis Tankers Inc (NASDAQ:PXS) is one for the bottom pickers. Upside volume is picking up and a rounding bottom is taking shape. I have been following and accumulating this stock for a few days now. The trend should resume back up in the very near future. I could be wrong, but I did not find a reason for the drop in shares as it did. It was likely a consequence of the negative market environment in the small cap index. Consider shares to be at a bit of a discount if my speculation is correct. And honestly I have a lot of confidence regarding this.

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aTyr Pharma Inc (NASDAQ:LIFE) is beginning to make a move higher. Yesterday's fight toward the 20-EMA could represent the start of a larger trend change. Key resistance is located at $4.68, a break above this level will confirm the bullish trend and the following uptrend will take the price up to the $5.5 zone

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A move on Fubotv Inc (NYSE:FUBO) above $26.2 could spark a nice short-squeeze next week. Looking at the technical daily chart there are several indications I see which suggest a potential bottom formation, including large positive divergences on MACD in daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at $33.3-34.72, at the very least. Until that happens, traders will want to be on high-alert to the possibility of a bullish reversal. Long setup on watch.

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Building a nice falling wedge, holding above EMA100. A move on Wisekey International Holding AG (NASDAQ:WKEY) above $12 could spark a nice short-squeeze. The stock will move very quickly, so watch the stock very closely over the next few trading sessions.

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I'm watching ATA Creativity Global (NASDAQ:AACG) again as the stock looks to be setting up for a big upside move in line with the other EDU China stocks. Potential upside of 60% exists for the stock, based on a current level of $4.06 and analysts' average consensus price target of $6.50. The stock should find initial resistance at $4.14 and further resistance at its 20-day EMA of $4.32

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Greenpro Capital Corp (NASDAQ:GRNQ) With Bitcoin making new highs, this stock should be in your watchlist on Monday. A break above 3.18 will impart bullishness and will help the stock move to the short-term target zone of the 3.75-4.1 range.

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Riot Blockchain Inc (NASDAQ:RIOT) Love this triangle formation on 4h chart. Needs to break out either side to see significant moves.

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: AACG, FUBO, GRNQ, LIFE, M, ODT, PVH, PXS, RIOT, WKEY

14:58 | Permalink |

Good Setups to watch for the week ahead

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Cara Therapeutics Inc (NASDAQ:CARA) could be starting another rally as there is tremendous support in the stock (short-term EMAs) and some serious buying coming in. The price has been in a bullish flag formation off its sharp rebound rally since the mid-May lows and it is now near the top of the sideways channel in the 6.42 area. A break through that top would lead to a next test of the 7.8/8 resistance zone. Among oscillators, the MACD is in buy mode and RSI is at 56 levels indicating strength in the current uptrend. If it breaks 6.42 the stock will absolutely fly into the 7's right away. Keep it on your watch list going forward. Could be a high flyer on breakout.

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Twitter Inc (NYSE:TWTR) The selloff seen earlier this month appears to be coming to an end, with the price closing above the declining 20-day EMA on Friday. As such, I would be looking for a move back to $14.68 as a good buying opportunity. The stock has a gap and the 50-day EMA resistance above. However, as long as the price holds up above $14.67 level (20EMA), we are likely to resolve this short-term range to the upside rather than the downside. The MACD and stochastic point towards a push higher. Watch the stock closely on Tuesday.

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Macy's, Inc. (NYSE:M) made a strong move to the upside and closed above the 20-day exp moving average for the first time since April accompanied with high volume. I think we will see some nice follow through on Tuesday. Daily technical indicators show RSI heading up while macd is also rising. Note, prices are also inside the daily EMAs with the 20-day EMA an immediate resistance. The next major resistance area is around the mid $34 range. Plus, M also saw unusual call activity. Keep it on watch.

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OHR Pharmaceutical Inc (NASDAQ:OHRP) Consolidating / basing under resistance the 50-day EMA. Insiders are buying a lot of shares at current levels. They must know something positive about the company. From a technical standpoint, the MACD is slowly turning up forming a buy signal. RSI is growing and also giving a buy signal. Watch for a break through the 3.24 price level to indicate that another push higher will occur. Keep it on watch.

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Office Depot Inc (NASDAQ:ODP) showing signs of bounce coming MACD cross. The stock is on the verge of breaking out and it could happen very soon. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. 3.56 break out watch.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) showed buying strength all day on Friday. We start to see some signals of rebound as the daily technical chart shows positive momentum is back. If stock breaks 7.51 then the stock can head to 7.84 and if this level is breached then the level of 8.36 is visible. I think its worth adding to your watchlist.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) jumped 13c or 8%, Friday to close at 1.75, slightly below the declining 100-day EMA. A minor resistance is expected here but if that resistance fails, the further gains towards $1.85 will be expected. Technical indicators are looking bullish. The RSI is moving up and above its 50 level. The Slow Sto continues to trade in the positive zone and the MACD is also turning up. Overall my short-term view remains neutral till a decisive break above $1.80 takes place. On watch.

On the Stockal-front, I see that a lot of my readers have downloaded the app and are using it regularly. Do tell how useful you find it and how the founders of Stockal can make it better for you. The app has seen very good traction with nearly 3,000 downloads in the last few weeks and very good traffic on their website as well. Now Stockal has launched a data-driven website too. You can find trending stocks, search for whatever stocks you are interested in and get interesting decision-support signals such as Analyst Confidence Meter, Avg Target Price, Social Media Pulse, Revenue Prediction and Stock Sentiment - all in one place. You can also read tons of reports, latest news articles and social media conversations for many-many stocks. But if you download the app, you can do all this AND you can also create watchlists, chat with your investor friends and share articles/information with them to create investing strategies. So get their iOS app or experience their website with stock insights at Stockal before downloading their iPhone or Android apps.

Have a wonderful long weekend everyone !!

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: ARNA, CARA, M, ODP, OHRP, TWTR, ZIOP

09:18 | Permalink |

Stocks to Watch for February 2, 2016

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Puma Biotechnology Inc (NYSE:PBYI) has been forming a falling wedge pattern and printed a bullish reversal candle today near the apex of the wedge. Some indicators are also giving first buy signals with the MACD pointing to a possible crossover. If it breaks the 43.50 level tomorrow, the bounce could be powerful.

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Intrexon Corp (NYSE:XON) finished the day up 7.93% on high volume of over 3 million of shares exchanging hands on the day. The stock appears to be under accumulation again. The MACD momentum is rising and RSI is on a strong uptrend, which when combined with the strengthening MACD could spell a strong move for the stock. Key resistance is now located at $32.72, a break above this level will confirm the bullish trend and the following uptrend will take price up to $36 zone initially.

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BlackBerry Ltd (NASDAQ:BBRY) I continue to support the idea of a significant rally here. The technical daily chart shows possible new rally as %K line is back above %D line, while the MACD is also gaining strength. The stock needs to break out above $7.16 to go higher.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) Potential bottom setup. I would like to see significant volume show up and a strong close above its declining EMA9 to confirm a proper technical buy signal. This stock is still on my radar as I continue to believe that ZIOP has strong potential from technical as well fundamental point of views.

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Macy's, Inc. (NYSE:M) Keep an eye for a possible breakout over $41.80. The daily technical chart still showing a bullish bias.

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Starbucks Corporation (NASDAQ:SBUX) Setting up nicely for new highs. Daily technical indicators are back in bullish zones. The MACD is negative but is rising above its signal line. The RSI has moved above its 50% level and the Slow stochastic is rising towards its overbought zone. A continuation of this rally is likely.

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LinkedIn Corp (NYSE:LNKD) broke out today of a short-term bottoming pattern and closed near the highs of the day, with strong volume. The technical daily chart shows bullish signal as %K line is on top of %D line and the MACD has just crossed the signal line, indicating a buy signal.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: BBRY, LNKD, M, PBYI, SBUX, XON, ZIOP

22:02 | Permalink |

Chart Setups for Week of January 25th, 2016

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Chimerix Inc (NASDAQ:CMRX) Today I am giving readers a play that I have alerted in the past and had several times double digit gains in one day. I rarely alert the same stock more than once in a short period of time but CMRX is set up so perfectly I can not resist. As you could see by the daily technical chart above, the stock has the potential to witness a significant uptick. In the short-term, it has formed a small bullish flag. Breaking above 9.12 will signal the breakout of this flag formation pushing the stock towards 9.72. With a break of this key resistance point, the chart then enters into Blue Sky Breakout territory (HUGE GAP) and future resistances are not until way above. From a technical standpoint, money flow indicators starting to turn upward and MACD is gaining traction. RSI is also significantly oversold, which suggests a rally could be coming up. Plus, insiders and institutions have been buying. In my opinion and based on the chart, the stock is set for a big move next week. Be sure to get it on your radars. Im long and my stop is located at 7.49.

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KB Home (NYSE:KBH) rebounded on solid volume Friday. Gonna have to watch it carefully on Monday to see if we have hit bottom and should grab some for the ride back up. Daily technical indicators are displaying positive divergences. Slow stochastic is moving up from the oversold zone, suggesting that a bounce might take place and the daily RSI is giving the same signal. Watch the stock closely next week.

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Apple Inc. (NASDAQ:AAPL) had a big pop on Friday and the stock price finally broke out of the descending channel that has been forming since the beginning of the December 2015, which is very bullish. The technical daily chart appears to be bottoming with indicators pointing to short-term reversals. I feel that this stock can easily run to 106's in the near term. Note: Next week the company will report earnings and this technical outlook could change quickly.

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Facebook Inc (NASDAQ:FB) not only broke the descending channel formation on the daily chart, it also managed to reach the $98 zone yesterday. Important to see how this acts over the next few days. The daily technical chart is displaying positive divergences on momentum indicators and with the stock in oversold territory these are the perfect conditions for a short-term rally. The Relative Strenght Index has reversed the course and the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. Note: Earnings Jan 27 AMC

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Juniper Networks, Inc. (NYSE:JNPR) has sold off over the past few months but looks to have found a bottom. The stock closed up 48 cents Friday on good volume. Daily MACD also gave a buy signal last week. Let's keep an eye on it as i think momentum will pick up. First upside target of $27

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Macy's, Inc. (NYSE:M) Will continue to watch this stock. Nice gap to fill if it can break through resistance.

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VirnetX Holding Corporation (NYSEMKT:VHC) struggling to breakout. The stock has been under strong accumulation lately and is now working its overbought condition. There is a need for profit taking for some consolidation from these high levels. The short-term outlook remains positive as long as the stock stays above the 9 & 13 EMAs. On watch for a clear of resistance (declining 200EMA).

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Kinder Morgan Inc (NYSE:KMI) had a very bullish move last week breaking several resistance lines with large volume and we should see a continuation move next week. The daily MACD chart is still showing an uptrend with the MACD indicator above its signal line and is indicating further strength. The RSI value is currently above 50% level. The short-term trend is bullish and a move to the 16.5/17.2 range appears likely. On watch.

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: AAPL, CMRX, FB, JNPR, KBH, KMI, M, VHC

11:13 | Permalink |

Stocks to Watch for January 21, 2016

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Ultragenyx Pharmaceutical Inc (NASDAQ:RARE) We had a strong bullish reversal candle today on volume. It will interesting to see if it can break the $80 level tomorrow. Any close above this immediate resistance will tell us that the short-term trend is now changing to upside. On watch.

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Clovis Oncology Inc (NASDAQ:CLVS) has been in a downtrend channel for the last 2 weeks and has just broken this channel to the upside on solid volume. I feel this is the beginning of a new upside short-term trend, which is why I will be watching the stock again on Thursday. Resistance is $1.75, which was Friday’s high of the day. The price can head towards the 24.5/25 zone. If this zone is surpassed, getting to 26.96 would be a possibility.

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Alcoa Inc (NYSE:AA) we finally broke the downtrend on the hourly. We need a push tomorrow above 6.81 to confirm the breakout. The hourly technical chart is showing a bullish bias. The MACD line is pointing up and RSI is also increasing. On watch.

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Apollo Education Group Inc (NASDAQ:APOL) stock price is showing signs of an upcoming breakout as price action and volume are making some bull signals. MACD is moving up showing positive momentum while RSI line also shows buy signal. Keep an eye for a possible breakout over $7.76 (200EMA)

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I think Vringo, Inc. (NASDAQ:VRNG) remains one to watch considering the recent press release. Hourly technical indicators are showing some signs of strength. At some point it will explode to the upside imho.

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Macy's, Inc. (NYSE:M) looks great on daily charts. The good news, however is that stock is getting closer to a major breakout. Keep a close eye on Macy's tomorrow.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: AA, APOL, CLVS, M, RARE, VRNG

22:29 | Permalink |

Stock Picks for Wednesday - Research In Motion Limited and Macy's, Inc.

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M - From my point of view I think the stock may break down here. M is slowly but steadily coming down on each passing day. Up/Down volume pattern indicates that the stock is under Distribution. The stock closed fractionaly above the major support at $17.46, but any close below this level could have further negative implications for the stock, and a move to $17 cannot be ruled. At this stage the stock is still trading below both 20 day and 50 day moving average showing weakness on the stock. In addition, falling MACD, now below 0, also indicates bearish trend. Stay tuned on it.

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RIMM - Not a pretty picture. The stock is losing momentum and the volumes are also declining. Further, falling MACD and KD, also indicates bearish trend. Also notice that the RSI is declining and does not paint a good picture for the stock. On short-term basis still in downtrend mode and should find a nice support at $58.85. Keep an eye on that trendline.

Other Stocks to watch - ( Pattern is Bullish Engulfing )

C - CITIGROUP INC
MSFT - Microsoft Corporation
LVS - LAS VEGAS SANDS CP
AMD - ADVANCED MICRO DVCS
MRK - Merck & Co
FITB - Fifth Third Bancorp
CDNS - CADENCE DESIGN SYS INC
CY - Cypress Semiconductor
SLE - SARA LEE CORP
KBE - SPDR KBW BNK
BAX - BAXTER INTERNATIONAL
LEAP - LEAP WIRELESS INTL
EWC - WEBS Canada
VRTX - Vertex Pharmaceutical
DHR - DANAHER CORP
CTXS - Citrix Systems, Inc.
SCI - SERVICE CORPORATION
USU - USEC INC
TII - Telmex Internacional
AFCE - AFC Enterprises Inc
LAZ - LAZARD LTD
PDS - Precision Drilling
BKC - BURGER KING HOLDING
WMS - W M S INDUSTRIES INC
ADTN - ADTRAN, Inc.
KSU - Kansas City Southern
TWGP - TOWER GROUP INC
LIA - Liberty Acquisition
BMO - BANK OF MONTREAL
BPI - Bridgepoint Education
ELNK - EarthLink, Inc. 8.58
RKH - Regional Banks HOLD
TD - TORONTO DOMINION BANK
NICE - NICE-Systems Limited
GSI - General Steel Holding
WRB - WR Berkley Corp
SBSA - Spanish Broadcasting
CNI - CANADIAN NATL RAIL CO
ALY - Allis Chalmers Energy
EXH - Exterran Holdings Inc
IBOC - International Bancs
IWEB - Iceweb Inc
AHL - ASPEN INSURANCE HLD
VITA - Orthovita, Inc.
CFR - Cullen Frost Bankers

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all Folks. See you tomorrow !!!
Cheers!

AC

Labels: M, RIMM

22:40 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Saturday, April 10, 2021

Ten symbols with interesting patterns to trade next week

Saturday, May 28, 2016

Good Setups to watch for the week ahead

Monday, February 01, 2016

Stocks to Watch for February 2, 2016

Saturday, January 23, 2016

Chart Setups for Week of January 25th, 2016

Wednesday, January 20, 2016

Stocks to Watch for January 21, 2016

Tuesday, November 17, 2009

Stock Picks for Wednesday - Research In Motion Limited and Macy's, Inc.

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